RHB Investment Research Reports

Trading Stocks - APB Resources

rhbinvest
Publish date: Mon, 18 Dec 2023, 10:43 AM
rhbinvest
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APB Resources is set to propel northwards following a technical breakout above the MYR2.50 resistance on Friday, as evidenced by the "Bullish Marubozu" candlestick. Supported by the significant increase in trading volume over the past two sessions, the bullish momentum is expected to propel the stock towards the MYR3 mark, with the next resistance at MYR3.30, near its all-time high. Conversely, a decline below the MYR2.35 support would indicate a potential downtrend.

Source: RHB Securities Research - 18 Dec 2023

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